What is Prequalification?

Prequalification is the first step of the Project Loan application process. Prequalification allows you to find out if you are eligible for Project Loan and check your rate without impacting your credit score, although you will see an inquiry on your credit report.

Will applying for Project Loan affect my credit score?

The first step of the application process, prequalification, will not affect your credit score. If you choose to complete step two of the application to get fully approved, a full credit check is required and your score may be impacted.

What will my interest rate be?

Pay 0% interest during the 3 month shopping period. After the 3 month shopping period, APRs range from 7.99% to 15.99%. To get your rate, click Check Your Rate.

What is the Project Loan Card?

The Home Depot Project Loan Card is a virtual shopping card you can use to shop at any Home Depot location, online at homedepot.ca or with select Home Depot Home Services. To shop in-store, use the Project Loan Card barcode on your smartphone to pay for your purchase at checkout To shop online at homedepot.ca and/or select Home Services, use your Project Loan card number, expiry date and CCV code at checkout You can also order a physical Project Loan Card which is Chip and Pin enabled. Important : For security purposes, the barcode for your Project Loan Card will refresh every 24 hours or after every purchase.

When do I start making monthly installment payments?

Monthly installment payments start three months after your Shopping Pass begins.

What are The Home Depot Project Loan terms?

The Home Depot Project Loan terms are as follows:

Can I make extra payments?

Yes. You can make early or extra payments, or pay off your balance in full without penalty. You can only make extra or early payments after your shopping period ends. For instructions about how to make early or extra payments, log in to your Home Depot Project Loan dashboard.

What if I am not done with my project or have purchases that need to be made after the 3 month Shopping Period has ended?

You can apply for a second Project Loan for additional purchases you wish to make after the initial 3 month Shopping Period has ended.

Home Depot Project Loan

Limited time offer of 10.99% APR for up to 5 years

The Pay-later Power Tool

Qualify for as low as 7.99% APR* for 60 months.

Check your rate

No impact to credit score

For existing customers

A Project Budget to Match Your Dreams

✓ Prequalify to check your rate, without impacting your credit score.

✓ Get approved for up to $50,000*.

✓ Pay 0% APR for 3 months while you make your project purchases (minimum monthly payment required).

✓ Then pay as low as 7.99% APR* for up to 60 months, or pay off your balance in full at any time (no pre-payment penalty).

✓ Use it with Home Depot online, in-store and for Home Services^.

Check Your Rate

No impact to your credit score

Home Depot Project Loan: A Step-By-Step Guide

Home Depot Project Loan: A Step-by-step Guide

The Home Depot Project Loan

Home Depot Project Loan: A Step-by-step Guide

Your application is approved! You’re approved to spend up to $50,000.

Step 1:

Apply

Apply Online and get instantly approved for up to $50,000. And don't worry you can prequalify to check your rate with no impact on your credit score.

After completing your application, you'll be able to start making purchases with a digital card on your smartphone.

Step 2:

Shop

During the 3-month shopping period, save with 0% APR as you shop online or in-store for everything you need for your project (minimum monthly payment required).*

Use your Project Loan Card to shop online, in-store or with installation services.

Step 2:

Shop

During the 3-month shopping period, save with 0% APR as you shop online or in-store for everything you need for your project (minimum monthly payment required)*.

Pay off your loan at any time without penalty.

Step 3:

Pay It Off

After 3 months, take up to 60 months at rates as low as 7.99% APR* or pay off your balance at any time. There's no prepayment penalty.

Graphics for illustrative purposes only.

Measure Out Your Payment Plan

Explore different purchase amounts to see what your monthly payment would be.

Have a project in mind? Use the payment estimator to find out how you can build now and pay later.

Calculate Your Monthly Payment

Bring Your Dream Project to Life With a Budget to Match

Check your rate

No impact to your credit score

Frequently Asked Questions

Application FAQ

: Prequalification is the first step of the Project Loan application process. Prequalification allows you to find out if you are eligible for Project Loan and check your rate without impacting your credit score, although you will see an inquiry on your credit report.
: The first step of the application process, prequalification, will not affect your credit score. If you choose to complete step two of the application to get fully approved, a full credit check is required and your score may be impacted.
: Pay 0% interest during the 3 month shopping period. After the 3 month shopping period, APRs range from 7.99% to 15.99%. To get your rate, click Check Your Rate.

Shopping Period FAQ

The Home Depot Project Loan Card is a virtual shopping card you can use to shop at any Home Depot location, online at homedepot.ca or with select Home Depot Home Services.

To shop in-store, use the Project Loan Card barcode on your smartphone to pay for your purchase at checkout
To shop online at homedepot.ca and/or select Home Services, use your Project Loan card number, expiry date and CCV code at checkout

You can also order a physical Project Loan Card which is Chip and Pin enabled.

Important: For security purposes, the barcode for your Project Loan Card will refresh every 24 hours or after every purchase.

During the shopping period your APR is 0.00% and you are only required to make minimum payments of 0.4% of the closing balance on the monthly statement, which will be withdrawn from the associated chequing account. Once the 3-month Shopping Period ends, you must pay off your Project Loan balance in up to 60 equal monthly payments at 7.99% - 15.99% APR. There are no other fees or charges associated with your Home Depot Project Loan Card.

You can use your Project Loan Card to purchase any product or service sold by Home Depot Canada in-stores, online at homedepot.ca or for select Home Services.

Note: You cannot purchase gift cards with your Project Loan Card.

Yes. If you finish shopping before the 3 month Shopping Period ends, you can start making monthly installment payments by calling Home Depot Project Loan at 1-866-207-3933 or accessing the Project Loan Portal.

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Monthly Installments FAQ

: Monthly installment payments start three months after your Shopping Pass begins.
: The Home Depot Project Loan terms are as follows:

APR during 3-month Shopping Period: 0.00%. APR thereafter, 7.99% - 15.99% for 60 months*

Term: 60 months*

Amortization period: 60 months*

Shopping Period: Your APR is 0.00% and you are only required to make minimum payments of 0.4% of the closing balance on the monthly statement.

*Important: If your final purchase balance is less than $1,000, your term and amortization period will be 12 months.
: Yes. You can make early or extra payments, or pay off your balance in full without penalty. You can only make extra or early payments after your shopping period ends.

For instructions about how to make early or extra payments, log in to your Home Depot Project Loan dashboard.
: You can apply for a second Project Loan for additional purchases you wish to make after the initial 3 month Shopping Period has ended.

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*On approved credit by FinanceIt Canada Inc. as agent for a third-party financial institution. Principal only payments of 0.4% required during the 3-month Shopping Period. The billing account period covered by each account statement will be approximately 28 to 31 days. No grace period applies. After the 3-month Shopping Period, the total amount outstanding by the borrower will convert to a term loan at a fixed credit rate/APR ranging from 7.99% to 15.99% with fixed monthly payments divided over (i) a 60-month term where the minimum spend is over $1,000, or (ii) 12 months with a spend of $999.99 or less. No downpayment required and no credit charges apply. Your actual rate and total loan amount offered will depend on a variety of factors such as your credit score. A loan of $50,000 incurs $10,814.83 in interest and credit charges over 60 months for a total obligation of $60,814.83. See store associate or homedepot.ca/projectloan for details. Terms and conditions apply. ®”Financeit” is a registered trademark of CommunityLend Holdings Inc. All rights reserved.

†Project Loan Payment Examples are based on a credit rate/APR of 7.99% - 15.99% divided over a maximum 60-month term. No downpayment. All figures presented are examples provided for illustrative purposes only. Typical Monthly Loan Payment excludes any interest previously due during Shopping Period. Financing provided by FinanceIt Canada Inc. as agent for a third-party financial institution. See homedepot.ca/projectloan for details.